Single-Family Residence with Covered
415 A Suwannee Drive Watersound, FL 32461
415 A Suwannee Drive, Watersound, FL, 32461
$532,987
For Sale
$532,987
MULTI_FAMILY - Other - Watersound, FL
Property Size1,442 SF
Price / SF$369.62
Days on Market15
Property Features for 415 A Suwannee Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- Resid Single Family
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bedroom 2, Family Room, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 2
- Parking
- 2
- Window features
- Storm Window(s)
- Patio and Porch features
- Porch, Patio
- Interior features
- Kitchen Island, Lighting Recessed, Pantry, Pull Down Stairs, Washer/Dryer Hookup, Woodwork Painted
- Exterior features
- Sprinkler System
- Appliances
- Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Security System, Smoke Detector, Stove/Oven Electric, Warranty Provided, Water Heater - Tnkls
- Standard status
- Active
- APN
- 23-3S-18-16160-000-0560
- Size
- 1,442 SF
Taxes and HOA fees
- Tax Description
- LOT 56 THE VILLAS AT LONGLEAF PARK PB 26-93 OR 3362-2141
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Frame, Siding CmntFbrHrdBrd
- Architectural style
- Other
Listing Agency
Watersound Real Estate
(850) 213-5170
34 Origins Main St #101, SANTA ROSA BEACH, FL
Listed by
Builder Services
(850) 213-5170
Added: Jul 3 Checked: Jul 17 at 2:06 pm
MLS# 1006928
Listing URL
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly planned single-family residence features 10-foot ceilings and an open kitchen, dining, and family room for a central gathering layout. The home offers two bedrooms, two bathrooms, plus an additional powder room, along with a 1.5-car garage. The kitchen includes a large island, walk-in pantry, gas cooktop, quartz countertops, soft-close cabinetry, and a ceramic tile backsplash. Throughout the home, luxury vinyl plank flooring supports a clean, low-maintenance design. Practical upgrades include impact-rated windows, 8-foot interior doors, a tankless water heater, a Smart Home package, and a covered rear patio. Additional exterior and owner-support items include a gas grill rough-in and exterior lawn maintenance.
The property is part of the Villas at Longleaf Park within Watersound Origins, with a homesite overlooking a retention pond and wooded backdrop. Estimated completion is November/December 2026. Nearby conveniences include Watersound Town Center, Publix, restaurants, medical offices, and Highway 98, while community amenities include the Origins Golf Course, Village Commons, and walking trails.
With its open-plan main living area, enclosed primary suite at the rear, and covered patio for outdoor enjoyment, this home is well suited for owner-occupants seeking a low-maintenance finish package and for buyers looking for a residence in the Watersound Origins community. The pond-facing setting and included exterior maintenance add day-to-day convenience, while the Smart Home features and tankless hot water support modern living.
The property is part of the Villas at Longleaf Park within Watersound Origins, with a homesite overlooking a retention pond and wooded backdrop. Estimated completion is November/December 2026. Nearby conveniences include Watersound Town Center, Publix, restaurants, medical offices, and Highway 98, while community amenities include the Origins Golf Course, Village Commons, and walking trails.
With its open-plan main living area, enclosed primary suite at the rear, and covered patio for outdoor enjoyment, this home is well suited for owner-occupants seeking a low-maintenance finish package and for buyers looking for a residence in the Watersound Origins community. The pond-facing setting and included exterior maintenance add day-to-day convenience, while the Smart Home features and tankless hot water support modern living.
Key Highlights
- Anfield plan under construction, scheduled completion November/December 2026
- 1,442 SF home with 2 bedrooms, 2 bathrooms, plus a powder room and 1.5‑car garage
- Open kitchen/dining/family room with 10‑foot ceilings and recessed lighting
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $24.00 |
| − Vacancy | −$5.6k | −$3.86 |
| EGI | $29.0k | $20.14 |
| − OpEx | −$13.1k | −$9.06 |
| NOI | $16.0k | $11.07 |
1,442 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$228.1K
$199.6K – $266.2K
NOI $15,970 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - New construction single-family home with open living space, covered patio, and pond-and-wooded backdrop views.
Where is this single family property located?
The property is located at 415 A Suwannee Drive Watersound, FL.
What is the asking price?
The asking price for this property is $532,987.
What are key features of this property?
This property features: Anfield plan under construction, scheduled completion November/December 2026; 1,442 SF home with 2 bedrooms, 2 bathrooms, plus a powder room and 1.5‑car garage; Open kitchen/dining/family room with 10‑foot ceilings and recessed lighting
